Winchester Retirement Board Supplemental Regulations

Subject:

Regulation:

MEMBERSHIP:

 

 

August 1, 1978:
(a), a “Regular Status” employee who works at least twenty (20) hours per week for at least thirty-two (32) weeks per year shall become members of the retirement system.

(b) Effective August 1, 1978, all employees who are employed in a temporary, seasonal, provisional, or intermittent capacity shall not be eligible for membership in the retirement system, unless a shorter period is immediately proceeded by permanent employment.

CREDITABLE SERVICE:

May 10, 2011:
Current members of the Winchester Retirement Board (sic) who are eligible to purchase prior non-membership time earned in any other governmental unit must file a request to purchase such time within 180 days from the date in (sic) which the Application of New Member was submitted.  The Winchester Retirement Board will not allow any prior service buy-backs that have been requested after the 180 days have expired.  The payment of any such buyback must be made in one lump sum payment.  Creditable service shall be granted equal to the period of service multiplied by a fraction, no greater than 1, the numerator of which is the actual hours worked each week divided by the number of hours in a full time position currently being held in the Town of Winchester.

The Winchester Retirement Board will not accept liability for any member whose employment was intermittent, sporadic and limited in nature. 

November 29, 2007:
(a), any part-time employee who qualifies for Membership shall receive one year of creditable service provided that they work the hours required by their position and provided their entire service is on a part-time position.

(b) Subject to verification as specified by the Town any part-time employee who qualifies for membership and becomes full-time shall receive credit for their part-time service on a pro-rated basis as it relates to a full-time position.

(c) Subject to verification as specified by the Town any full-time employee who qualifies or membership who becomes part-time shall receive credit for their part-time service on a pro-rated basis as it relates to a full-time position.

REGULAR COMPENSATION:

 

MISCELLANEOUS:

February 20, 2014
Correction of Errors under G.L. c. 32, § 20(5)(c)(2)

In all cases of correction of an underpayment or non-payment of a pension or benefit to a member or beneficiary of the Winchester Retirement System which results in a onetime retroactive payment of benefits, such payment shall include interest for such period of underpayment or non-payment at the rate annually determined for such period by the Public Employee Retirement Administration Commission pursuant to G.L. c. 32, § 22(6).

In all cases of a correction of an overpayment of a pension or benefit to a member or beneficiary of the Winchester Retirement System, the amount of overpayment shall be due from the member or beneficiary, along with interest for said period of overpayment at the rate annually determined by the Public Employee Retirement Administration Commission pursuant to G.L. c. 32, § 22(6).